The announcement last week by the US administration to impose tariffs on an additional $200bn in Chinese imports, marks a material escalation of trade tensions. While we are still not facing an all-out trade war, it can no longer be dismissed & we are certainly moving towards an escalation of trade tensions.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
